For those unable to participate in the conference call, there will be a replay available from a link on Nano Dimension's website at http://investors.nano-di.com/events-and-presentations.
About Nano Dimension Ltd.
Nano Dimension, founded in 2012, focuses on development of advanced 3D printed electronics systems and advanced additive manufacturing. Nano Dimension's unique products combine three advanced technologies: 3D inkjet, 3D software and nanomaterials. The company's primary products include the first 3D printer dedicated to printing multi-layer PCBs and advanced nanotechnology-based conductive and dielectric inks.
In addition to the trading of the company's ADSs on NASDAQ, the company's ordinary shares are also traded on the TASE in Israel. The Bank of New York Mellon serves as the depositary for Nano Dimension's ADSs.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Nano Dimension's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, we are using forward-looking statements when we discuss that we expect to deliver several more printers by the end of 2016, transitioning our bio-printing activities to a new entity, our position moving forward, and our momentum for continued success. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Nano Dimension's prospectus filed with the Securities and Exchange Commission ("SEC") pursuant to Rule 424(b)(4) on September 27, 2016, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
CONTACT INVESTOR RELATIONS:
Miri Segal-Scharia
CEO
MS-IR LLC
917-607-8654
Email Contact
|
Nano Dimension Ltd. | ||||||||||||
|
| ||||||||||||
|
Consolidated Statements of Financial Position | ||||||||||||
|
| ||||||||||||
|
|
|
September 30 |
|
|
September
|
|
|
December 31 |
| |||
|
|
|
2016 |
|
|
2016 |
|
|
2015 |
| |||
|
|
|
Thousand USD Convenience translation into US dollars (NIS 3.758 = $1) |
|
|
Thousand NIS |
|
|
Thousand NIS |
| |||
|
Assets |
|
|
|
|
|
|
|
|
| |||
|
Cash and cash equivalents |
|
|
14,243 |
|
|
|
53,524 |
|
|
|
33,811 |
|
|
Restricted deposits |
|
|
- |
|
|
|
- |
|
|
|
500 |
|
|
Other receivables |
|
|
312 |
|
|
|
1,173 |
|
|
|
1,030 |
|
|
Total current assets |
|
|
14,555 |
|
|
|
54,697 |
|
|
|
35,341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted deposits |
|
|
113 |
|
|
|
425 |
|
|
|
428 |
|
|
Property plant and equipment, net |
|
|
1,416 |
|
|
|
5,321 |
|
|
|
4,414 |
|
|
Intangible assets |
|
|
7,375 |
|
|
|
27,717 |
|
|
|
11,355 |
|
|
Total non-current assets |
|
|
8,904 |
|
|
|
33,463 |
|
|
|
16,197 |
|
|
Total assets |
|
|
23,459 |
|
|
|
88,160 |
|
|
|
51,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade payables |
|
|
353 |
|
|
|
1,328 |
|
|
|
1,727 |
|
|
Other payables |
|
|
1,205 |
|
|
|
4,527 |
|
|
|
1,814 |
|
|
Total current liabilities |
|
|
1,558 |
|
|
|
5,855 |
|
|
|
3,541 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liability in respect of government grants |
|
|
594 |
|
|
|
2,234 |
|
|
|
993 |
|
|
Total liabilities |
|
|
2,152 |
|
|
|
8,089 |
|
|
|
4,534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
Share capital |
|
|
1,411 |
|
|
|
5,304 |
|
|
|
3,863 |
|
|
Share premium |
|
|
29,910 |
|
|
|
112,402 |
|
|
|
63,054 |
|
|
Treasury shares |
|
|
(1,400) |
|
|
|
(5,260) |
|
|
|
(5,260) |
|
|
Warrants |
|
|
914 |
|
|
|
3,435 |
|
|
|
6,934 |
|
|
Capital reserve from transactions with controlling shareholders |
|
|
497 |
|
|
|
1,866 |
|
|
|
1,866 |
|
|
Capital reserve for share-based payments |
|
|
4,814 |
|
|
|
18,091 |
|
|
|
12,681 |
|
|
Accumulated loss |
|
|
(14,840) |
|
|
|
(55,767) |
|
|
|
(36,134) |
|
|
Total equity |
|
|
21,307 |
|
|
|
80,071 |
|
|
|
47,004 |
|
|
Total liabilities and equity |
|
|
23,459 |
|
|
|
88,160 |
|
|
|
51,538 |
|
|
Nano Dimension Ltd. | ||||||||||||||||||
|
| ||||||||||||||||||
|
Consolidated Statements of Profit or Loss and Other Comprehensive Income | ||||||||||||||||||
|
| ||||||||||||||||||
|
|
For the nine months ended September 30 |
|
For the three months ended September 30 |
|
For the year ended December 31 |
| ||||||||||||
|
|
2016 |
|
2016 |
|
2015 |
|
2016 |
|
2016 |
|
2015 |
|
2015 |
| ||||
|
|
Thousand USD Convenience translation into US dollars (NIS 3.758 = $1) |
|
Thousand NIS |
|
Thousand NIS |
|
Thousand USD Convenience translation into US dollars (NIS 3.758 = $1) |
|
Thousand NIS |
|
Thousand NIS |
|
Thousand NIS |
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
Research and development expenses, net |
1,625 |
|
6,108 |
|
8,834 |
|
|
674 |
|
|
2,533 |
|
|
1,342 |
|
|
11,153 |
|
|
General and administrative expenses |
3,453 |
|
12,975 |
|
6,321 |
|
|
1,049 |
|
|
3,941 |
|
|
3,708 |
|
|
11,229 |
|
|
Other income |
- |
|
- |
|
6 |
|
|
- |
|
|
- |
|
|
6 |
|
|
6 |
|
|
Operating loss |
(5,078) |
|
(19,083) |
|
(15,149) |
|
|
(1,723) |
|
|
(6,474) |
|
|
(5,044) |
|
|
(22,376) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance income |
- |
|
- |
|
1,769 |
|
|
- |
|
|
- |
|
|
1,786 |
|
|
1,529 |
|
|
Finance expense |
146 |
|
550 |
|
206 |
|
|
4 |
|
|
17 |
|
|
172 |
|
|
145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive loss |
(5,224) |
|
(19,633) |
|
(13,586) |
|
|
(1,727) |
|
|
(6,491) |
|
|
(3,430) |
|
|
(20,992) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share (in NIS / USD) |
(0.14) |
|
(0.52) |
|
(0.55) |
|
|
(0.05) |
|
|
(0.17) |
|
|
(0.12) |
|
|
(0.78) |
|
|
Nano Dimension Ltd. | ||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||
|
Consolidated Statements of Changes in Equity | ||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||
|
|
|
Share capital |
|
Share premium |
|
Treasury shares |
|
Warrants |
|
Capital reserve from transactions with controlling shareholders |
|
Capital reserve for share- based payments |
|
Accumulated loss |
|
Total equity |
|
Convenience translation into US dollars (NIS 3.758 = $1) |
| |||||||||||||||||
|
|
|
Thousand NIS |
|
Thousand NIS |
|
Thousand NIS |
|
Thousand NIS |
|
Thousand
|
|
Thousand NIS |
|
Thousand
|
|
Thousand
|
|
Thousand
|
| |||||||||||||||||
|
For the nine months ended September 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||
|
Balance as of January 1, 2016 |
|
|
3,863 |
|
|
63,054 |
|
|
(5,260) |
|
|
6,934 |
|
|
1,866 |
|
|
12,681 |
|
|
(36,134) |
|
|
47,004 |
|
|
12,508 |
| ||||||||
|
Issuance of ordinary shares, net |
|
|
925 |
|
|
39,184 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
40,109 |
|
|
10,673 |
| ||||||||
|
Exercise of warrants and options |
|
|
516 |
|
|
10,164 |
|
|
- |
|
|
(3,499) |
|
|
- |
|
|
(1,529) |
|
|
- |
|
|
5,652 |
|
|
1,504 |
| ||||||||
|
Share-based payments |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
6,939 |
|
|
- |
|
|
6,939 |
|
|
1,846 |
| ||||||||
|
Net loss |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(19,633) |
|
|
(19,633) |
|
|
(5,224) |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Balance as of September 30, 2016 |
|
|
5,304 |
|
|
112,402 |
|
|
(5,260) |
|
|
3,435 |
|
|
1,866 |
|
|
18,091 |
|
|
(55,767) |
|
|
80,071 |
|
|
21,307 |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
For the three months ended September 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||
|
Balance as of July 1, 2016 |
|
|
4,367 |
|
|
72,980 |
|
|
(5,260) |
|
|
3,445 |
|
|
1,866 |
|
|
16,330 |
|
|
(49,276) |
|
|
44,452 |
|
|
11,829 |
| ||||||||
|
Issuance of ordinary shares, net |
|
|
925 |
|
|
39,184 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
40,109 |
|
|
10,673 |
| ||||||||
|
Exercise of warrants and options |
|
|
12 |
|
|
238 |
|
|
- |
|
|
(10) |
|
|
- |
|
|
(176) |
|
|
- |
|
|
64 |
|
|
17 |
| ||||||||
|
Share-based payments |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
1,937 |
|
|
- |
|
|
1,937 |
|
|
515 |
| ||||||||
|
Net loss |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
(6,491) |
|
|
(6,491) |
|
|
(1,727) |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Balance as of September 30, 2016 |
|
|
5,304 |
|
|
112,402 |
|
|
(5,260) |
|
|
3,435 |
|
|
1,866 |
|
|
18,091 |
|
|
(55,767) |
|
|
80,071 |
|
|
21,307 |
| ||||||||
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To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/nano-dimension-reports-third-quarter-financial-results-300359045.html
SOURCE Nano Dimension Ltd.
| Contact: |
| Nano Dimension Ltd.
|
